China Fastener Industry Development Trend and Prospects

At present, the market for fasteners in China has become increasingly large. Frequent occurrences of product quality and environmental pollution have brought tremendous challenges and opportunities to the development of domestic fasteners. Although a small number of fasteners still need to be imported, from the perspective of development trends, the fasteners used in the basic equipment industry are mainly domestic, especially in the past two years. The safety performance of domestic production technologies and products is increasingly International convergence.

The fastener industry is going “steady” in accordance with the national macro-control’s expected goals; the “13th Five-Year Plan” period and the next 10 years are the transition period for China’s manufacturing industry, and it is also a crucial period from the “manufacturing power” to the “manufacturing powerhouse”. With the intensification of market competition and the development of the Internet+ era, the industrial clusters are highly concentrated and the scale is constantly expanding. In the future, China’s fastener companies can only rely on quality improvement and volume growth to gain more profits. Weak power, low-quality competition from inferior materials and cutting corners, and no branded fastener companies will be eliminated in the transformation and innovation.

Statistics show that there are more than 1800 fastener companies listed in the national statistical category, and the types of enterprises can be roughly divided into three types. The first is a large-scale and fairly large-scale fastener enterprise, and the output value is generally 500 million yuan. The second is the professional enterprise with non-standard fastener products as its main business, the output value is generally between RMB 1-4 billion; the third is the enterprise with ordinary commodity fastener products and market demand orientation, and the output value is generally 5000 10,000 yuan - 1 billion yuan. With the huge increase in total demand, the latter company has developed rapidly in China. Due to the rapid change of product types of this type of enterprise, it has also become the most competitive field. For many years, China's fastener industry has formed a coexisting pattern of multiple forms of ownership, but overall, it still belongs to the transitional period from "orderlessness to orderliness." For a period of time in the future, it is still a period of rapid development of fasteners and an opportunity to expand the production of fasteners.

The production speed of ultra-high-speed, ultra-high-precision cold heading machines in the fastener industry has reached a relatively high level. Through investigation, it has been found that companies are looking forward to the intelligentization of fastener manufacturing processes and the development of energy-saving equipment. The biggest topics for equipment such as fasteners, high-efficiency and intelligent cold heading machines, etc., are robotic applications, energy conservation and emissions reduction, and complex shape fastening. The development of precision forming technology, shot peening technology, PVD surface modification, laser and high frequency quenching has received attention. Fasteners do not produce fixed products, but provide users with processing and fastening services and technologies.

In recent years, frequent occurrence of fastener product quality, environmental pollution and other incidents have brought negative impact on the development of domestic fasteners. According to the provisions of the "Product Quality Law" and "Administrative Measures on Product Quality Supervision and Spot Checking", the AQSIQ, based on the current scale of financial special projects, product standards, and the technical support capabilities of inspection agencies, highlights the opinions of all parties concerned. The key products that the people are concerned about have organized and formulated the National Product Quality Supervision and Inspection Plan for 2016, which includes high-strength fastener bolts and nuts. There are three forms of supervision and spot checks: quarterly supervision and spot checks, special supervision and spot checks, and joint supervision and spot checks. The objects of supervision and spot checks include manufacturing enterprises, distribution companies, and network sales companies. While carrying out national supervision and spot checks on 170 products, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) will also organize special supervision and spot checks on products that are not planned. The results of the state supervision and random inspection of product quality shall be publicly released to the society, and the illegality of product quality shall be handled according to law.

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